Investors Real Estate Trust (IRET) CFO Buys $38,985.00 in Stock

Investors Real Estate Trust (NYSE:IRET) CFO John Kirchmann bought 6,900 shares of Investors Real Estate Trust stock in a transaction on Friday, January 26th. The shares were purchased at an average price of $5.65 per share, for a total transaction of $38,985.00. Following the acquisition, the chief financial officer now directly owns 31,571 shares in the company, valued at approximately $178,376.15. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

John Kirchmann also recently made the following trade(s):

  • On Thursday, December 27th, John Kirchmann purchased 1,000 shares of Investors Real Estate Trust stock. The stock was bought at an average cost of $5.70 per share, for a total transaction of $5,700.00.
  • On Wednesday, December 27th, John Kirchmann purchased 1,000 shares of Investors Real Estate Trust stock. The stock was bought at an average cost of $5.70 per share, for a total transaction of $5,700.00.

Shares of Investors Real Estate Trust (NYSE:IRET) traded up $0.07 on Wednesday, hitting $5.67. The stock had a trading volume of 480,342 shares, compared to its average volume of 522,116. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.17 and a current ratio of 0.17. Investors Real Estate Trust has a 12-month low of $5.49 and a 12-month high of $6.75. The company has a market cap of $675.81, a PE ratio of 17.18, a P/E/G ratio of 2.68 and a beta of 0.82.

Investors Real Estate Trust (NYSE:IRET) last issued its quarterly earnings results on Monday, December 11th. The real estate investment trust reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Investors Real Estate Trust had a negative return on equity of 1.91% and a net margin of 25.90%. The firm had revenue of $53.92 million for the quarter, compared to analysts’ expectations of $53.69 million. During the same period in the previous year, the firm posted $0.12 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. sell-side analysts forecast that Investors Real Estate Trust will post 0.35 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd were given a $0.07 dividend. The ex-dividend date was Friday, December 29th. This represents a $0.28 annualized dividend and a yield of 4.94%. Investors Real Estate Trust’s dividend payout ratio (DPR) is presently 84.85%.

A number of analysts have recently commented on IRET shares. Zacks Investment Research cut Investors Real Estate Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. BidaskClub cut Investors Real Estate Trust from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 31st. ValuEngine raised Investors Real Estate Trust from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Finally, Robert W. Baird reissued a “hold” rating and issued a $7.00 price target on shares of Investors Real Estate Trust in a research report on Sunday, November 19th.

A number of hedge funds have recently added to or reduced their stakes in the stock. Fox Run Management L.L.C. bought a new position in Investors Real Estate Trust in the 4th quarter valued at approximately $108,000. Schwab Charles Investment Management Inc. lifted its position in Investors Real Estate Trust by 13.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 995,158 shares of the real estate investment trust’s stock valued at $5,653,000 after acquiring an additional 115,358 shares in the last quarter. GSA Capital Partners LLP lifted its position in Investors Real Estate Trust by 339.0% in the 3rd quarter. GSA Capital Partners LLP now owns 167,699 shares of the real estate investment trust’s stock valued at $1,025,000 after acquiring an additional 129,503 shares in the last quarter. California Public Employees Retirement System lifted its position in Investors Real Estate Trust by 3.3% in the 3rd quarter. California Public Employees Retirement System now owns 501,944 shares of the real estate investment trust’s stock valued at $3,067,000 after acquiring an additional 16,112 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in Investors Real Estate Trust by 33.8% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 52,705 shares of the real estate investment trust’s stock valued at $322,000 after acquiring an additional 13,313 shares in the last quarter. 53.72% of the stock is currently owned by institutional investors and hedge funds.

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About Investors Real Estate Trust

Investors Real Estate Trust is a self-advised equity real estate investment trust (REIT). The Company’s business consists of owning and operating income-producing real estate properties. Its segments include Multifamily, Healthcare and All Other. Its investments consist of multifamily and healthcare properties located primarily in the upper Midwest states of Minnesota and North Dakota.

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